Kryptonim is a fiat onramp provider that offers end-users the ability to effortlessly exchange fiat for cryptocurrency. The platform operates on two primary models:
- B2C: Direct consumers can purchase stablecoins on Kryptonim, which they can then spend or transfer to their preferred wallets.
- B2B2C: Merchants and/or Wallets, keen on widening their acceptance criteria, can integrate Kryptonim’s solution to allow their customers to transact with stablecoins in a seamless manner.
Kryptonim is a fiat bridge linking end-users to a robust network of payment acquirers and gateways. Much like the relationship between online merchants and their payment partners, this dynamic amplifies the effectiveness and reliability of our services. We’ve established a sturdy infrastructure that engages multiple payment acquirers and gateways, guaranteeing redundancy and enhanced approval rates.
Our platform melds together the crucial aspects of Know Your Customer (KYC) protocols, risk management, varied payment avenues, and formidable crypto liquidity; this combination of features paves the way for a smooth and efficient checkout experience.
The need for capital results from the liquidity gap that Kryptonim encounters due to the t+3 settlement lag when users (or merchants’ customers) purchase stablecoins. The borrowed capital will serve as a financial bridge to manage this gap. By leveraging these funds, Kryptonim guarantees uninterrupted operations for users and sets the stage for consistent business expansion.
Kryptonim, in its strategic efforts to sustain growth and smooth operations, is actively seeking to secure a loan of 10 million USD. Lenders collaborating in this initiative, will receive yield based on the curve defined by the Line of Credit parameters. Yield for lenders comes from users paying fees to use Kryptonim.
Below image is a preliminary configuration of how the interest curve would be on a deployed product.
Max size: $10M
Deposit Restrictions: Kryptonim’s managed whitelist
Kryptonim, an innovative venture developed by Straal, a prominent provider of intelligent payment and fraud prevention solutions (https://straal.com/), signifies a significant step towards mainstream cryptocurrency integration. By seamlessly incorporating Kryptonim, Straal effectively dismantles the barriers that often hinder entry into the cryptocurrency realm, thereby fostering wider acceptance among the general public. This strategic integration is pivotal in forging a strong connection between traditional financial systems and the burgeoning web3 ecosystem.
As a strategic web3 initiative conceived by Straal, Kryptonim derives substantial advantages from Straal’s well-established position as a regulated payment institution sanctioned by the UK’s Financial Conduct Authority (FCA). This regulatory endorsement adds a layer of credibility and trust to Kryptonim, instilling confidence among users and stakeholders. The fusion of Straal’s payment expertise and Kryptonim’s visionary approach paves the way for a more accessible and user-friendly cryptocurrency gateway.
Straal’s extensive track record spanning over seven years in the payment industry is a testament to their proficiency and industry know-how. With a dedicated team of 50 payment specialists, Straal has consistently pushed the boundaries of payment technology, ensuring that businesses and consumers benefit from secure and seamless transactions. This wealth of experience, combined with Kryptonim’s trailblazing framework, positions Straal at the forefront of the evolving financial landscape, driving the adoption of cryptocurrencies and shaping the future of digital transactions.
Kryptonim requests to be whitelisted as creator and borrower for Automated Lines of Credit on TrueFi using address: 0x05B609675bA7D79A2249675A4821d4184Eec4B35